Wed.Jul 21, 2021

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Bonfire Ventures Extends Network With Angel, Seed Investment Effort

socalTECH

Los Angeles-based venture capital investment fund Bonfire Ventures is looking to extend its network--and make more angel, pre-seed, and seed investments--through a new program is is calling Bonfire Firestarters. According to Bonfire, it has partnered with six individuals and five early-stage fund managers who the firm will be using to make investments for the fund.

Invest 113
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8 Principles For Better Delegation And Work Control

Startup Professionals Musings

In my role as a business advisor, a complaint I often hear from owners and professionals alike is that there is just not enough time to get everything done. This is especially true from those of you who are perfectionists , and feel hard-pressed to delegate critical tasks to anyone who may be less capable. Even worse, I hear the terms control freak or micro-manager tossed around.

Tool 152
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MemComputing Lands SBIR Contract

socalTECH

San Diego-based high performance computing technology developer MemComputing says it has scored a Phase I Small Business Innovation Research (SBIR) contract from the National Aeronautics and Space Administration (NASA). Size of that SBIR contract was not nnounced. According to the company, the contract will go towards identifying applications where the company's technology can be used to accelerate NASA's supercomputing workloads for large-scale numerical simulation.

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Fabric8Labs Gets $19.3M

socalTECH

San Diego-based Fabri8Labs, a company developing metal additive manufacturing technology, said it has raised $19.3M in a Series A funding round. The funding was led by Intel Capital, and also included Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures, and Mark Cuban. According to the company, it is developing a process which fabricates complex metal parts at the atomic level.

San Diego 113
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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HMBradley Switches Accounts To Invite Only

socalTECH

Santa Monica-based fintech startup HMBradley, which offers up an online-online checking account which pays up to 3.50% annual percentage yield (APY), says it is switching its accounts to be "invite only", and is now looking for additional banking partners. According to the company, it has now amassed more than $375M in deposits in the 15 months since it launched.

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FloQast Raises $110M

socalTECH

Los Angeles-based accounting software developer FloQast said this morning that it has raised $110M in its Series D funding round, with its latest valuation putting the company into unicorn territory, at $1.2 billion. The funding was led by Meritech Capital, and also included Insight Partners, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Polaris Partners, and Norwest Venture Partners.

Redpoint 113